10 Stocks on Jim Cramer and Wall Street’s Radar

8. Bank of America Corporation (NYSE:BAC)

Average Price Target Upside: 29.23%

Number of Hedge Fund Holders: 113

Bank of America Corporation (NYSE:BAC) was mentioned in an episode aired in January, and here’s what Mad Money’s host had to say:

“Thursday we have more of the same. This time, Bank of America, U.S. Bancorp, Morgan Stanley, and PNC Financial. I actually expect all these to be good too.”

Bank of America (NYSE:BAC) is a financial institution offering a wide variety of banking and financial services, such as savings and checking accounts, loans, investment management, and wealth management solutions. On March 7, Baird upgraded BAC stock from Neutral to Outperform, raising its price target to $50 from $45.

According to the analyst’s research note, the recent weakness in U.S. bank stocks has created an improved risk/reward opportunity. The firm believes that while the sector may remain volatile in the short term, the potential for upside now outweighs the downside risk for several banks, as the excitement around the election has subsided. Baird views Bank of America (NYSE:BAC) as a strong franchise available at a reasonable price.